TRIUM and Department of Management public lecture
Date: Thursday 5 September 2013
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Peter Blair Henry
Chair: Professor Craig Calhoun
Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations, battered by crises, depend more than ever on sustained growth in emerging markets.
In Turnaround, economist Peter Blair Henry argues that the secret to emerging countries’ success (and ours) is discipline—sustained commitment to a pragmatic growth strategy. With the global economy teetering on the brink, the stakes are higher than ever. And because stakes are so high for all nations, we need less polarization and more focus on facts to answer the fundamental question: which policy reforms, implemented under what circumstances, actually increase economic efficiency?
Pushing past the tired debates, Henry shows that the stock market’s forecasts of policy impact provide an important complement to traditional measures.
Through examples ranging from the drastic income disparity between Barbados and his native Jamaica to the “catch up” economics of China and the taming of inflation in Latin America, Henry shows that in much of the emerging world the policy pendulum now swings toward prudence and self-‐control. With similar discipline and a dash of humility, he concludes, the First World may yet recover and create long-‐term prosperity for all its citizens.
Peter Blair Henry is the dean of New York University’s Stern School of Business and former professor of International Economics at Stanford University. In 2008, he led Barack Obama’s Presidential Transition Team in its review of international lending agencies such as the IMF and World Bank. A member of the board of the National Bureau of Economic Research, the Council on Foreign Relations, and the Kraft Foods Group, Peter received his PhD in economics from MIT and Bachelor’s degrees from Oxford University, where he was a Rhodes Scholar, and the University of North Carolina, where he was a Morehead Scholar and a finalist in the 1991 campus-‐wide slam dunk competition. Born in Jamaica, Peter became a US citizen in 1986.
Suggested hashtag for this event for Twitter users: #LSEturnaround
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email email@example.com or call 020 7955 6043.
Podcast & Video
A podcast and video of this event is available to download from Turnaround: Third World lessons for First World growth
Podcasts and videos of many LSE events can be found at the LSE Public Lectures and Events: podcasts and videos channel.
Twitter and Facebook
You can get immediate notification on the availability of an event podcast by following LSE public lectures and events on Twitter, which will also inform you about the posting of transcripts and videos, the announcement of new events and other important event updates. Event updates and other information about what's happening at LSE can be found on the LSE's Facebook page.
This event has been certified for CPD purposes by the CPD Certification Service. Self-Assessment Record forms will be made available for delegates wishing to record further learning and knowledge enhancement for Continuing Personal and Professional Development (CPD) purposes. For delegates who wish to obtain a CPD Certificate of Attendance, it is the responsibility of delegates to register their details with a LSE steward at the end of the event and as of 1 September 2014 a certificate will be sent within 28 days of the date of the event attended by the CPD Certification Service. If a delegate fails to register their details at the event, it will not prove possible to issue a certificate. (For queries relating to CPD Certificates of attendance after a request please phone 0208 840 4383 or email firstname.lastname@example.org).